Xcel Stops Taking Solar-Rebate Applications

DENVER (Denver Business Journal) - Xcel Energy Inc. on Thursday said it has temporarily stopped taking applications for its Solar*Rewards rebate program for solar power systems at homes and businesses in Colorado, dealing a potentially devastating blow to the metro area's solar installation industry.

The shutdown follows Xcel's announcement Wednesday that the utility would cut total rebate levels for small-scale customer-owned solar power systems immediately from $2.35 per watt to $2.01 per watt.

Read more on the website of CBS4 partner the Denver Business Journal.